Atlantic American Corp. Leads Tuesday's AMBG as Global Insurance Index Rises 2.55%
12/31/2008 10:03:33 AM
OLDWICK, N.J., Dec 31, 2008 (A. M. Best via COMTEX News Network) -- The AMBG closed Tuesday, Dec. 30, at 713.46 (+2.55%). Of the 15 A.M. Best stock indexes, 14 rose and one declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Atlantic American Corp. (+35.94%) and Affirmative Insurance Holdings Inc. (+26.21%). Trailing the list of global insurance stocks were Gainsco (-27.32%) and National Security Group (-17.72%).
The U.S. Health and HMO Insurance Index led the sector indexes, with the Asia/Pacific Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:
U.S. Health and HMO Insurance Index (AMBUH) +6.24%
U.S. Life and Health/HMO Insurance Index (AMBULH) +6.19%
U.S. Life Insurance Index (AMBUL) +6.13%
Global Life Insurance Index (AMBGL) +5.34%
U.S. Multi-Line Insurance Index (AMBUML) +4.16%
U.S. Insurance Index (AMBUS) +3.41%
Global Composite Index (AMBG) +2.55%
U.S. Insurance Brokers Index (AMBUB) +2.52%
Global Insurance Brokers Index (AMBGB) +2.34%
European Insurance Index (AMBEUR) +2.16%
Global Multi-Line Insurance Index (AMBGML) +2.06%
Global Reinsurance Index (AMBGR) +1.39%
U.S. Property/Casualty Insurance Index (AMBUPC) +1.26%
Global Non-Life Insurance Index (AMBGNL) +0.76%
Asia/Pacific Insurance Index (AMBAP) -1.58%
The U.S. Insurance Index (AMBUS) closed at 659.57 (+3.41%). Leading the AMBUS were Atlantic American Corp. (+35.94%) and Affirmative Insurance Holdings Inc. (+26.21%). Trailing the AMBUS were Gainsco (-27.32%) and National Security Group (-17.72%).
The European Insurance Index (AMBEUR) closed at 760.23 (+2.16%)%. Leading the AMBEUR were Chaucer Holdings (+12.36%) and ING Groep N.V. (+7.27%). Trailing the AMBEUR were Brit Insurance Holdings (-8.71%) and Paris Re Holdings (-3.76%).
The Asia/Pacific Insurance Index (AMBAP) closed at 1092.46 (-1.58%). Leading the AMBAP were Korean Reinsurance Co. (+5.88%) and Samsung Fire & Marine Insurance Co. Ltd. (+2.72%). Trailing the AMBAP were Aioi Insurance Co. Ltd. (-4.96%) and Meritz Fire & Marine Insurance (-4.49%).
The Global Reinsurance Index (AMBGR) closed at 857.45 (+1.39%). Leading the AMBGR were Chaucer Holdings (+12.36%) and ING Groep N.V. (+7.27%). Trailing the AMBGR were Paris Re Holdings (-3.76%) and Berkshire Hathaway (-0.64%).
The Global Broker Index (AMBGB) closed at 946.22 (+2.34%). Leading the AMBGB were Brown & Brown (+2.91%) and Marsh & McLennan Cos. (+2.69%). Trailing the AMBGB were Jardine Lloyd Thompson Group plc (-2.60%) and Maiden Holdings Ltd. (-1.24%).
The Global Multi-Line Insurance Index (AMBGML) closed at 560.97 (+2.06%). Leading the AMBGML were Atlantic American Corp. (+35.94%) and Delphi Financial Group (+9.09%). Trailing the AMBGML were First Acceptance Corp. (-1.79%) and RSA Insurance Group plc (-0.92%).
The Global Nonlife Insurance Index (AMBGNL) closed at 984.44 (+0.76%). Leading the AMBGNL were Affirmative Insurance Holdings Inc. (+26.21%) and Kingsway Financial Services (+16.03%). Trailing the AMBGNL were Gainsco (-27.32%) and National Security Group (-17.72%).
The Global Life Insurance Index (AMBGL) closed at 609.07 (+5.34%). Leading the AMBGL were Conseco (+13.32%) and Principal Financial Group (+12.99%). Trailing the AMBGL were Kansas City Life Insurance (-4.73%) and China Insurance International Holdings (0.00%).
The U.S. Property/Casualty Index (AMBUPC) closed at 978.79 (+1.26%). Leading the AMBUPC were Affirmative Insurance Holdings Inc. (+26.21%) and First Mercury Financial Corp. (+9.80%). Trailing the AMBUPC were Gainsco (-27.32%) and National Security Group (-17.72%).
The U.S. Multi-Line Insurance Index (AMBUML) closed at 172.91 (+4.16%). Leading the AMBUML were Atlantic American Corp. (+35.94%) and Delphi Financial Group (+9.09%). Trailing the AMBUML were AIG (+0.65%) and Unitrin (+2.73%).
The U.S. Life Insurance Index (AMBUL) closed at 608.51 (+6.13%). Leading the AMBUL were Conseco (+13.32%) and Principal Financial Group (+12.99%). Trailing the AMBUL were Kansas City Life Insurance (-4.73%) and Nationwide Financial Services (+0.38%).
The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 686.11 (+6.19%). Leading the AMBULH were Conseco (+13.32%) and Principal Financial Group (+12.99%). Trailing the AMBULH were Kansas City Life Insurance (-4.73%) and Nationwide Financial Services (+0.38%).
The U.S. Health and HMO Index (AMBUH) closed at 768.57 (+6.24%). Leading the AMBUH were Aetna (+8.22%) and Humana (+7.76%). Trailing the AMBUH were Health Net (+4.86%) and Universal American (+5.21%).
The U.S. Insurance Brokers Index (AMBUB) closed at 932.34 (+2.52%). Leading the AMBUB were Brown & Brown (+2.91%) and Marsh & McLennan Cos. (+2.69%). Trailing the AMBUB were Maiden Holdings Ltd. (-1.24%) and AmTrust Financial Services Inc. (+1.25%).
Performance rankings of companies in each A.M. Best insurance sector index are published weekly in BestWeek.
The A.M. Best stock indexes cover 191 publicly traded insurance companies and brokers. Index values are calculated by Dow Jones Indexes in U.S. dollars. Companies in the A.M. Best stock indexes include insurers and insurance-related organizations with credit ratings from A.M. Best, along with brokers. A.M. Best does not provide investment recommendations. A listing of companies in each A.M. Best Index is available at http://www.ambest.com/stocks.
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